Brightcove (NASDAQ:BCOV) Now Covered by StockNews.com

Stock analysts at StockNews.com began coverage on shares of Brightcove (NASDAQ:BCOV) in a report issued on Monday. The brokerage set a “buy” rating on the software maker’s stock.

Several other equities analysts have also recently weighed in on the company. Rosenblatt Securities restated a “neutral” rating and set a $4.45 price target (down previously from $5.00) on shares of Brightcove in a report on Monday, November 25th. Lake Street Capital downgraded Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th.

Brightcove Stock Down 0.2 %

BCOV opened at $4.43 on Monday. Brightcove has a 52 week low of $1.55 and a 52 week high of $4.44. The firm has a 50-day simple moving average of $4.28 and a two-hundred day simple moving average of $2.99. The company has a market capitalization of $199.97 million, a PE ratio of -21.09 and a beta of 1.01.

Institutional Trading of Brightcove

Several hedge funds have recently made changes to their positions in the business. Edenbrook Capital LLC grew its position in Brightcove by 1.8% in the third quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock worth $14,367,000 after acquiring an additional 120,121 shares in the last quarter. Nantahala Capital Management LLC bought a new stake in shares of Brightcove in the 2nd quarter valued at approximately $3,114,000. Geode Capital Management LLC boosted its holdings in shares of Brightcove by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 488,275 shares of the software maker’s stock worth $1,055,000 after purchasing an additional 37,584 shares during the period. P.A.W. Capital Corp bought a new position in shares of Brightcove during the 3rd quarter valued at approximately $540,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Brightcove by 1,124.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock valued at $530,000 after buying an additional 225,482 shares during the period. 80.12% of the stock is currently owned by hedge funds and other institutional investors.

About Brightcove

Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company’s solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.